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Forex Candlesticks Chart Patterns - Doji Candlesticks Pattern and Marubozu Candlesticks Pattern

Forex Candlesticks Consolidation Pattern and Forex Candlesticks Continuation Pattern - Forex Doji Consolidation Candlestick Pattern and Forex Marubozu Continuation Candlestick Pattern

Depending on the size and shape of a Forex candlestick it is possible to determine the strength of buyers or sellers. Likewise it is also possible to determine the underlying weakness of the buyers and sellers.



Long Body Candlesticks

Candlesticks with long bodies show that there were a lot of buyers/sellers, depending on the color of the candlestick.


When price makes a huge move from the opening price to the closing price it shows the strength of buyers/sellers.


Long Blue Candlesticks - Strength of Buyers


Long Red Candlesticks - Strength of Sellers


Forex Candlesticks Chart Patterns

Long Body Candlesticks



Short Body Candlesticks

Candlesticks with short bodies show that there were not so many buyers/sellers and the price did not move much from the opening price to the closing price.


These show that the buyers/sellers were not very strong.


Forex Candlesticks Chart Patterns

Short Body Candlesticks


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Marubozu Candlestick

Marubozu are long candlesticks that have no upper or lower shadows, Like the examples shown below.


Marubozu Forex Candlesticks

Marubozu Candlesticks


Marubozu are continuing candlestick patterns that show price is going to continue in the same direction as that of the marubozu candlestick. The marubozu can be white/blue or Black/red depending on the direction of the trend.



Technical Analysis of Marubozu Candlesticks


White marubozu - the open is also the low and the close is also the high.


Marubozu means there were no retracements during that price period and therefore shows that buyers were in total control of the price.


White Marubozu is a continuation pattern meaning that the next candlestick is likely to continue in the same upward trend direction.


Black marubozu - the open is also the high and the close is also low.


Marubozu means there were no retracements and therefore shows that sellers were in total control of the price.


Black Marubozu is a continuation pattern meaning that the next candlestick is likely to continue in the same downward trend direction.

 

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